Started By
Message

re: WSJ Market Watch Opinion: If Iraqi oil goes off line, $200 oil is next

Posted on 6/18/14 at 12:42 pm to
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89722 posts
Posted on 6/18/14 at 12:42 pm to
quote:

but all the new safety regulations make it so much harder to do business in the O&G industry and since the demand for natural gas is so low, how can they afford to stay in business?


Well the regulators are trying - but these are old wells - they don't have to be redrilled, just reopened.

But there are all kinds of anti-fracking propoganda products coming - particularly from Hollywood. The price of NG will increase, and be artificially increased, due to regulations.

However, NG prices will not directly impact the cost of a barrel of oil - the cumulative effect of government regulations does - and gasoline taxes directly affect the cost at the pump.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram